Minutes for the regular National Finance Committee meeting January 13,<br />
2011.<br />
<br />
Meeting convened at 8:29 PM (ET) a quorum being present, the Chair and<br />
Secretary being present.<br />
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Attending: Alonzo Brown, Kim Kaufman, Alberto Luera, R. Paul Martin,<br />
Summer Reese, Tracy Rosenberg, Lavarn Williams, Bruce Wolf, also attending<br />
was Executive Director Arlene Englehardt.<br />
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Agenda:<br />
<br />
1. KPFK FY11 budget<br />
2. National Office FY11 budget<br />
3. Pacifica Radio Archives FY11 budget<br />
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<br />
The Chair asked Alberto Luera to act as Chair pro tem for this meeting.<br />
There was no objection and he did so.<br />
<br />
KPFK FY11 budget<br />
<br />
The committee discussed the KPFK FY11 budget proposal. Committee members,<br />
including the CFO, had met with KPFK Staff over the budget for several<br />
hours. The committee members reported that the KPFK FY11 budget proposal<br />
had huge gaps between the FY10 actuals and the FY11 budget proposal. There<br />
were also problems with cooperation from the General Manager. Some expenses<br />
seem not to have been shown for the FY11 budget proposal. The FY11 proposed<br />
listener support line is too high.<br />
<br />
Motion: (Summer Reese) "The NFC accepts up to $3,000,000 of Listener<br />
Support on the KPFK FY11 budget, with the other income categories accepted<br />
as stated in the budget." (Passed without objection)<br />
<br />
National Office FY11 budget 9:44 PM (ET)<br />
<br />
The committee discussed the National Office FY11 budget proposal. The CFO<br />
noted that there were issues with FSRN. The committee read through the<br />
entire assumptions spreadsheet for the National Office FY11 budget<br />
proposal, and the CFO answered questions. There is a shortfall in the<br />
budget proposal, if WBAI can make more than its proposed central services<br />
payments for FY11 that will cover the shortfall.<br />
<br />
Motion: (Summer Reese) "We submit to the PNB for adoption the<br />
provisionally approved National Office budget pending presentation of<br />
information in executive session by the Executive Director which will<br />
close the budget gap and the numbers will be amended accordingly." (Passed<br />
5 for , 0 against, 1 abstention)<br />
<br />
Pacifica Radio Archives FY11 budget 11:43 PM (ET)<br />
<br />
The committee discussed the Pacifica Radio Archives FY11 budget proposal.<br />
The Pacifica Radio Archives (PRA) tend to need their payroll paid by the<br />
National Office by the end of the fiscal year, but so far in FY11 the PRA<br />
has made more money than usual.<br />
<br />
The Secretary was directed to send the National Office and PRA budgets to<br />
the PNB.<br />
<br />
Motion: (Alberto Luera) "That the NFC send a resolution to the PNB<br />
commenting the fact that the Pacifica Radio Archives budget needed some<br />
numbers we couldn't get in time to give a recommendation, therefore we<br />
leave it up to the PNB to receive those numbers and take action on the<br />
Pacifica Radio Archives budget." (Passed without objection)<br />
<br />
Motion: (R. Paul Martin) "To adjourn to executive session." (Passed<br />
without objection)<br />
<br />
Adjourned 12:22 AM (ET) January 14, 2011.<br />
<br />
Submitted by R. Paul Martin, Secretary.<br />